Nuveen LLC Invests $17.27 Million in Tronox Holdings PLC $TROX

Key Points

• Nuveen LLC has invested approximately $17.27 million in Tronox Holdings PLC by acquiring over 2.4 million shares during the first quarter, representing 1.55% ownership of the company.
• Recent analyst updates have seen a shift in sentiment, with UBS Group downgrading Tronox from a "buy" to a "neutral" rating and significantly lowering their price target from $8.00 to $3.60.
• Tronox reported a loss of ($0.28) EPS in its latest earnings release, which was below analysts' expectations, and has set its fiscal year 2025 guidance at 0.49 EPS.

Nuveen LLC purchased a new stake in Tronox Holdings PLC (NYSE:TROX - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,452,820 shares of the company's stock, valued at approximately $17,268,000. Nuveen LLC owned about 1.55% of Tronox as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC grew its position in shares of Tronox by 832.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock valued at $38,000 after purchasing an additional 3,397 shares during the period. Nisa Investment Advisors LLC boosted its position in Tronox by 763.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock worth $65,000 after acquiring an additional 8,070 shares during the last quarter. CWM LLC boosted its position in Tronox by 1,186.7% during the 1st quarter. CWM LLC now owns 10,731 shares of the company's stock worth $76,000 after acquiring an additional 9,897 shares during the last quarter. GAMMA Investing LLC boosted its position in Tronox by 1,070.2% during the 1st quarter. GAMMA Investing LLC now owns 11,257 shares of the company's stock worth $79,000 after acquiring an additional 10,295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Tronox during the 1st quarter worth approximately $102,000. 73.36% of the stock is owned by institutional investors.

Insider Activity at Tronox

In related news, Director Peter Johnston bought 20,000 shares of Tronox stock in a transaction dated Tuesday, August 12th. The shares were bought at an average cost of $3.21 per share, with a total value of $64,200.00. Following the acquisition, the director owned 191,513 shares in the company, valued at $614,756.73. This trade represents a 11.66% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jeffrey A. Engle acquired 12,600 shares of Tronox stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $3.07 per share, for a total transaction of $38,682.00. Following the completion of the purchase, the senior vice president directly owned 146,926 shares of the company's stock, valued at $451,062.82. This represents a 9.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 184,750 shares of company stock worth $579,714 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Tronox Stock Performance

TROX stock traded up $0.5050 during trading hours on Friday, hitting $4.1750. 4,175,444 shares of the stock were exchanged, compared to its average volume of 6,509,643. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $661.82 million, a P/E ratio of -2.64 and a beta of 1.35. The company has a 50-day simple moving average of $4.84 and a two-hundred day simple moving average of $5.87. Tronox Holdings PLC has a 12 month low of $2.95 and a 12 month high of $15.07.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.24). The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The firm's quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. Tronox has set its FY 2025 guidance at EPS. On average, analysts forecast that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 3rd. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.05 per share. This represents a dividend yield of 629.0%. The ex-dividend date of this dividend is Monday, August 11th. Tronox's dividend payout ratio is -12.66%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TROX shares. Truist Financial set a $5.00 price target on Tronox in a research report on Monday, August 4th. BMO Capital Markets downgraded Tronox from a "market perform" rating to an "underperform" rating and reduced their price target for the stock from $7.00 to $3.00 in a research report on Monday, June 30th. Mizuho reduced their price target on Tronox from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Barclays cut their price objective on Tronox from $13.00 to $8.00 and set an "overweight" rating for the company in a report on Wednesday, May 28th. Finally, Alembic Global Advisors reissued an "overweight" rating and issued a $5.00 price objective on shares of Tronox in a report on Monday, August 11th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $5.01.

Tronox Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.